Toast (TOST) Tops Q2 EPS by 1c, Guidance Tops Views

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Go back to Toast (TOST) Tops Q2 EPS by 1c, Guidance Tops Views

Toast (TOST) Rallies After Guidance Tops Analyst Estimates

August 12, 2022 10:26 AM EDT

Toast (NYSE: TOST) shares rallied Friday morning, hitting a high of $21.76 per share after the company reported earnings for its second quarter, topping profit and revenue estimates.

The company, which posted the earnings after the close Thursday, revealed a Q2 loss per share of $0.11, $0.01 better than the analyst estimate for a loss of $0.12 per share. Revenue for the quarter came in at $675 million versus the consensus estimate of $651.28 million.

Annualized recurring run-rate (ARR) was $787 million, up 59% year-over-year, while Gross Payment Volume (GPV) increased 62% to $23.3... More